INITIATE AN ACATS TRANSFER NOW
If the other broker participates in the Automated Customer Account Transfer Service (ACATS) program, you can transfer your existing IRA to Interactive Brokers via ACATS. Under normal circumstances, the ACATS transfer should take between four to eight business days.
When transferring your retirement account from a non-ACATS eligible firm, you will need to complete an IRA Transfer-In Form. This form must be sent to your current custodian to initiate the transfer. The form becomes available for download after you submit a deposit notification in the Client Portal.
To request a transfer from another broker:
- Login to Client Portal
- Navigate to Transfer & Pay followed by Transfer Funds
- Select Broker Transfer
- Choose Transfer In
- Follow the prompts to complete your request.
What are the next steps?
If the delivering broker participates in the ACATS program, then nothing is needed from your end. The process is automated. Once ACATS Transfer has been initiated, you may monitor the status of your transfer request through the Transfer & Pay then select Transaction History menu options in Client Portal.
If the delivering broker is from a non-ACATS eligible firm, instruct your third-party broker to send the requested shares Free of Payment through the Depository Trust Company (DTC) to Interactive Brokers: DTC Number 0534. If your third-party broker requires an authorization form, click View Form to access our printable Authorization Form. This is available when you select your transfer request through the Transfer & Pay then select Transaction History menu options in Client Portal.
Timing
- Timing is wholly dependent on your broker delivering your securities to IBKR. Shares received are credited immediately to your account. This could be as soon as same day but check with your broker for guidelines.
- US securities and USD Cash transfer via ACATS are available between 4 to 8 days and can be traded immediately.
- IBKR will provide status on your transfer under Transaction Status & History.
Fees
- IBKR does not charge a fee for the ACATS, however, your current broker may apply a fee to the outgoing transfer. The fee will be included on the transfer to your IBKR account.
Please Note
- If transferring all assets and your account contains mutual funds not offered by IBKR, you may request that those funds be removed from the transfer request and remain with your current broker. This will minimize the possibility of your transfer request rejecting
- You may not be able to withdraw your transferred assets for up to 30 days after receipt from your third-party broker.
- Futures and Cryptocurrency are not transferable.
Additional Information